
Zelensky: Ukraine ready for minerals deal with US, but only on equal terms
The president stressed that Ukraine is ready to contribute its land and resources, but expects the U.S. to bring in technologies and capital.
The president stressed that Ukraine is ready to contribute its land and resources, but expects the U.S. to bring in technologies and capital.
The minerals deal should be mutually beneficial, meet the interests of both countries without putting at risk Ukraine's accession to the EU, Foreign Minister Andrii Sybiha said.
Eleven years ago, Russia seized Ukrainian territory by force. Three years ago, Russia launched a full-scale invasion of Ukraine. Today, Ukraine faces a new threat to its sovereignty: U.S. President Donald Trump’s demand that the country hand over a significant amount of its mineral wealth or face the
The prolonged negotiations over a minerals deal, which have already tested relations between Kyiv and Washington, follow an effort to finalize a framework agreement earlier this year.
"It's a genuine economic partnership... we don't make any money unless they make money, and you know who doesn't like that? People with their hand in the till," U.S. Treasury Secretary Scott Bessent claimed in an interview released on April 4.
The measures include the use of polygraph tests on those with access to the deal across several government ministries.
Andrii Sybiha said the minerals deal "cannot contradict European integration, we are telling the Americans that."
The following is the April 1, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Washington proudly announced on March 25 that it had brokered an agreement between Russia and Ukraine to "eliminate
Scott Bessent said Kyiv has hired counsel and that the deal is "ready on our side."
The ongoing saga of the U.S.-Ukraine natural resources deal has already caused seismic ruptures between Kyiv and Washington, temporarily costing Ukraine American military support and crucial intelligence sharing. Yet in the quest to placate U.S. President Donald Trump, and secure his support in the fight against Russia's
If you thought the United States’ first minerals deal with Ukraine was bad, the new version reads even worse. This one makes the previous deal look like charity by comparison. Check out the Financial Times piece and the link to the leaked document. Some might call it extortion; others might
"As for this agreement and the NATO question, there is no mention of NATO in this agreement, and there never was," President Volodymyr Zelensky said on April 1.
"Ukraine was ready to sign the previously developed framework agreement. Now we have received a proposal for development and a new text of the agreement," Foreign Minister Andrii Sybiha said on April 1.
Key developments on March 31: * There's 'psychological deadline' for Putin to agree to Ukraine ceasefire, Trump says * Kremlin says it remains open to US talks despite Trump's reported anger at Putin * Ukraine-US talks on minerals deal ongoing, not tied to NATO membership, source says * Russia trying to bypass Ukraine's positions
Ukrainian and U.S. government and legal teams continue discussions on the mineral deal, a source in the Presidential Office told the Kyiv Independent on March 31 as U.S. President Donald Trump is escalating his rhetoric on the agreement.
"Rare earth metals are an important area for cooperation, and, of course, we have begun discussions about various rare earth metals and projects in Russia," said Kirill Dmitriev, head of the Russian Direct Investment Fund.
"He's trying to back out of the rare earth deal and if he does that he's got some problems, big, big problems," Trump told reporters aboard Air Force One on March 29.
Ukraine will be seeking for the U.S. to commit to more U.S. investment and clarify how a reconstruction fund would operate, a person familiar with the matter said.
The Financial Times reported on March 27 that the latest version of the agreement proposed by the U.S. includes terms that would grant Washington unprecedented control over Ukraine's natural resources through a joint investment fund.
"We have passed along a completed document for the economic partnership (that) is currently being reviewed by Ukrainians, and we hope to go to full discussions and perhaps even get signatures next week," U.S. Treasury Secretary Scott Bessent said.
"After the framework deal, a full agreement is being developed. Now the U.S. has offered us a 'major' deal, their vision (of the deal)," Zelensky said.
U.S. President Donald Trump said on March 24 he expects to sign the U.S.-Ukraine agreement on critical minerals "soon," Reuters reported.
"And one of the things we are doing is signing a deal very shortly with respect to rare earths with Ukraine," Trump announced after signing an executive order to ramp up domestic minerals production.
Washington is now focused on achieving a lasting ceasefire between Ukraine and Russia, White House Press Secretary Karoline Leavitt said on March 19 when asked about the current status of the potential minerals deal between the U.S. and Ukraine.
The following is the March 11, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. For all the hype around foreign weapons producers setting up shop in Ukraine to help it fend off
The Ukrainian and American delegations discussed a potential ceasefire in the air and at sea, as well as a minerals deal, during the first round of talks in Saudi Arabia, Suspilne reported on March 11, citing an undisclosed source.
U.S. President Donald Trump wants to see a change in President Volodymyr Zelensky's stance toward peace talks with Russia and a willingness to make concessions such as giving up occupied territories to Russia, sources told NBC News.
In a dramatic confrontation that has reverberated far beyond Washington, the explosive Oval Office exchange on Feb. 28 between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky represents a broader U.S. foreign policy — one that many in the Middle East have long viewed with deep skepticism. The
Ukrainian and American delegations will meet "soon" for peace talks, President Volodymyr Zelensky's Chief of Staff Andriy Yermak said on March 5, following discussions with U.S. National Security Advisor Mike Waltz.
The following is the March 4, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. This week’s newsletter was originally going to be about the Trump–JD Vance–President Volodymyr Zelensky clash
The painstakingly negotiated deal was scheduled to be signed on Feb. 28, but that plan was derailed after a public clash between Trump and Zelensky, leaving the agreement's fate uncertain.
U.S. Treasury Secretary Scott Bessent reportedly told Fox News on March 4 that there are no plans to sign a mineral resources deal with Ukraine following Donald Trump’s speech to Congress.